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Researching for a payment processor/ merchant account is hard. For us, that live outside USA is very very hard.

I wonder what reason exist for services like https://stripe.com/ or https://www.braintreepayments.com/ to not give support for accounts outside USA.

I mail something like 10 services and all of them give the impression that support outside USA is the hardest thing in this planet (exaggerating).

In the other hand, I currently start testing with http://fastspring.com and I found the opposite reaction (they do bank transfer).

This is mi naive thinking on this: If normal, average people can send money from a lot of countries to others using something like http://www.moneygram.com, or using bank transfer, what is the real block here?

  • Is tech?
  • Is legal?
  • Is cost? - I understand if is necessary to pay a bit more for the transaction
  • Is support burden?
  • Is laziness?
  • Something else?
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A lot of it is US financial regulations that are intended to prevent money from flowing into illegal drugs, terrorist organizations, online gambling (illegal in the US) and other such things. This isn't likely to change anytime soon since keeping these regs in place is favored by both major political parties in the US. –  jfrankcarr Aug 17 '12 at 2:47
    
@jfrankcarr : that really should be an answer not a comment, unfortunately regulation is a valid answer here. –  Wyatt Barnett Aug 17 '12 at 3:10
    
@jfrankcarr: That doesn't explain the absence of "everywhere but the USA" payment providers. After all, there's more money to be made outside the USA than inside. –  MSalters Aug 17 '12 at 7:07
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closed as off topic by GrandmasterB, gbjbaanb, Walter, Thomas Owens Aug 18 '12 at 7:29

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2 Answers

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We've been using WorldPay, who (as their name suggests) do operate in dozens of countries. International payment processing is a specialized business - you really need a banking license for it. Since it's international, payment in general needs to be processed via SWIFT or at least TARGET2. The former doesn't even have a standardized format for payment settlement!

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Any source for the licensing thing? Because that look like the answer... –  mamcx Aug 17 '12 at 15:55
    
See the SWIFT User Eligibility Criteria. While you don't need to be a supervised bank to use SWIFT, other entities are severly restricted in what transactions they can make. In particular they cannot send money to other non-banks. I'd like my payment provider to send money to me, thank you very much! –  MSalters Aug 19 '12 at 20:44
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Localisation of services like payment brokers tends to be for the exact reasons you mention in your question:

  • Is tech?
  • Is legal?
  • Is cost?
  • Is support burden?

That said - there are likely local services that also help you with payment. You don't say where you are, but in Australia there is eWay, SafePay, TNSPay, and others.

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I'm in Colombia. The trouble with that kind of localized services is that their quality, support, features, etc is far worse that the big names. Also, in my case, the only 2 local to Colombia know they are the monopoly ;) –  mamcx Aug 17 '12 at 15:53
    
Sorry if your local services are poor quality - but I disagree with your generalisation –  HorusKol Aug 18 '12 at 1:18
    
"far worse" not necessarily imply bad quality (bad choice of words of mine, far below better?). The API design, online help, hosting, tech support, available libraries, online resources, etc are very different between the ones i review. Of curse, I don't know the whole industry and is my POV. –  mamcx Aug 20 '12 at 17:39
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